Bitcoin ETF fake approval news and Alt coin season

By Ticktalker | ticktalker'sblog | 9 Jan 2024


In just a few minutes the crypto market performed a huge rally with the fake news of Bitcoin ETF approval. a new kind of volatility with the news of bitcoin ETF approval is what we are going to be dealing with tomorrow.

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This will be huge because it is not just one or two Bitcoin spot ETF approval we are talking about but rather 10.

 

• VanEck

• Bitwise

• Fidelity 

• Valkyrie

• Franklin

• ArkInvest

• Grayscale

• BlackRock

• WisdomTree

• Invesco Galaxy

 

The market sentiment has been fearful for the past few days and we hope to see it turn extremely greedy now, Bitcoin is flying to the moon.

 

But for shrimps like me in the market with nano cap, we are not looking at Bitcoin, but rather we are looking for alts that will do X's.

 

The alt season is quite a bit far away now, since a lot of capital will be dumping into Bitcoin, we hope to see those capitals shared among alts later in what we call the alt season.

 

How prepared are you for this season ?

 

While we have seen some nice altcoin rallies across the board.

 

We actually still haven't seen any real alt-season yet at all.

 

Since the last bull run, bitcoin dominance is still trading at its multi-year high.

 

This means capital rotation to most alts hasn't really happened yet.

 

Every single time it's only when bitcoin dominance drops that a true alt-season begins.

 

If you are ever wondering why some of your good quality alts haven't really performed or moved yet?

 

It's because alt-season hasn't even started yet in the slightest.

 

Not even the early stages or phase 1 as you might call it.

 

The date below doesn't lie.

 

Alts are still early this cycle fam.

 

We5dc44fd434d17b91795597f5d537f9ebcb0b3b0fdae2c313bcc73fc25ac7522.jpghat altcoins are you looking to buy or have bought already?

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Ticktalker
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I am a comic relief content creator and web3 enthusiast, I write contents to share things I learn and research about.


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